Mariya Pylypiv Sells 20,078 Shares of AIRO Group (NASDAQ:AIRO) Stock

AIRO Group Holdings, Inc. (NASDAQ:AIRO) CFO Mariya Pylypiv sold 20,078 shares of AIRO Group stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $10.26, for a total transaction of $206,000.28. Following the completion of the transaction, the chief financial officer directly owned 49,887 shares in the company, valued at approximately $511,840.62. The trade was a 28.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

AIRO Group Stock Up 5.5%

NASDAQ:AIRO opened at $10.62 on Wednesday. The firm has a market capitalization of $332.41 million and a P/E ratio of 531.00. The company has a fifty day moving average of $10.69 and a 200 day moving average of $13.06. AIRO Group Holdings, Inc. has a 52 week low of $7.28 and a 52 week high of $39.07.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AIRO. Wall Street Zen upgraded shares of AIRO Group from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. Mizuho reduced their price target on AIRO Group from $25.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Cantor Fitzgerald lowered their price target on AIRO Group from $35.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, November 21st. Weiss Ratings reiterated a “sell (e)” rating on shares of AIRO Group in a report on Monday, December 29th. Finally, BTIG Research cut their price objective on AIRO Group from $26.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, November 24th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, AIRO Group has a consensus rating of “Moderate Buy” and a consensus target price of $19.67.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AIRO. Woodline Partners LP lifted its position in shares of AIRO Group by 41.0% in the 3rd quarter. Woodline Partners LP now owns 2,753,067 shares of the company’s stock worth $52,859,000 after purchasing an additional 800,456 shares during the period. Alyeska Investment Group L.P. purchased a new position in shares of AIRO Group during the third quarter valued at about $15,030,000. Ilex Capital Partners UK LLP bought a new position in AIRO Group in the second quarter worth about $18,750,000. HighTower Advisors LLC raised its stake in AIRO Group by 936.8% in the fourth quarter. HighTower Advisors LLC now owns 666,176 shares of the company’s stock worth $5,449,000 after buying an additional 601,924 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in AIRO Group by 406.0% in the third quarter. Vanguard Group Inc. now owns 505,951 shares of the company’s stock worth $9,714,000 after buying an additional 405,951 shares during the period.

About AIRO Group

We are a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. We leverage decades of industry expertise and connections across the drone, aviation, and avionics markets to provide leading solutions to the aerospace and defense market. We offer connected and diversified solutions providing operational synergies across our segments and are powered by an international footprint as well as supplier and public sector relationships.